Insider Trading - AMF launches penal proceedings against François C. Desrosiers


Montréal – The Autorité des marchés financiers (AMF) has launched penal proceedings in the Court of Québec (Criminal and Penal Division), district of Longueuil, against François C. Desrosiers for failing to report, within 10 days of the event, changes in his control over the securities of the reporting issuers Big Red Diamond Corporation and AntOro Resources Inc., in respect of which he is an insider.

François C. Desrosiers faces 11 charges, for a total fine of $33,000 plus costs, for violations in 2006 of section 97 of the Securities Act, with reference to section 174 of the Securities Regulation.

Insiders are required to report, within 10 days of the event, any change in their control over the securities of a reporting issuer via the System for Electronic Disclosure by Insiders (SEDI) at This link will open in a new window, thereby giving all investors access to the information within a reasonable time period.

The Autorité des marchés financiers (AMF) is the regulatory and oversight body for Québec’s financial sector.

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